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China Rolls Over $3.4 Billion Of Commercial Loans To Pakistan: Report
China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan's foreign exchange reserves to $14 billion, a finance ministry source said.
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Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
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In A First, Flipkart Secures Approval For Direct Lending In India: Report
Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.
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Mark Carney: Canada's New PM Charted Unusual Path To Power
Mark Carney was born near the Arctic, led the central banks of two major economies and has become Canada's prime minister despite never having served in parliament.
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Trump Bans Creation Of A 'Digital Dollar' To Protect Americans
US President Donald Trump issued an executive order Thursday effectively banning the establishment of a central bank digital currency, in a move long supported by Congressional Republicans.
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Canada Ex-Central Banker Mark Carney Launches PM Bid
Mark Carney, the former governor of Canada's central bank, on Thursday launched his bid to succeed Justin Trudeau as Liberal Party leader and prime minister, immediately becoming a frontrunner in the race.
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India Becomes Second-Largest Gold Buyer After Poland In 2024: World Gold Council
Global central banks remained active in the gold market in November 2024, collectively adding 53 tonnes of the precious metal to their reserves, according to the World Gold Council.
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Who Is Maysaa Sabrine, First Woman To Head Central Bank Of Syria
Maysaa Sabrine has been appointed as the governor of the Syrian Central Bank. She is the first woman to hold the position in its more than 70-year history. She replaced Mohammed Issam Hazime, who served in the governor's position since 2021.
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Maysaa Sabrine Becomes First Woman To Head Syria's Central Bank
Maysaa Sabrine, a former deputy governor of the Syrian central bank, has been named as its first female governor, marking a significant moment in its 70-year-old history.
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US Fed Cuts Key Interest Rate By 0.25%, Sending Stocks Tumbling
Policymakers voted 11-to-1 to lower the central bank's key lending rate to between 4.25 percent and 4.50 percent as expected, the Fed announced in a statement.
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RBI Ready To Counter Rupee Slide, Fund Outflow Post-US Election: Sources
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.
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Nirmala Sitharaman's Mexico, US Visit To Focus On G20, IMF, World Bank Meetings
Finance Minister Nirmala Sitharaman will embark on an official visit to Mexico and the USA to participate in the G20 Finance Ministers and Central Bank Governor (FMCBG) and fund bank annual meeting.
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Global Bank Messaging Network SWIFT to Trial Live Digital Currency Transactions in 2025
SWIFT will trial live transactions of tokenised assets and digital currencies next year. Banks and asset managers hope that by using digital units - usually blockchain-based tokens that represent a share of the underlying asset - trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions.
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Bangladesh PM's Office, Police Websites Hacked Amid Unrest Over Job Quota
Amid the unrest in Bangladesh, the official websites of Bangladesh's Prime Minister's Office, Central Bank and police appeared to have been hacked by a group calling itself "THE R3SISTANC3".
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Crypto Industry Criticises Lack of Bank Support for Cryptocurrencies, Asks RBI to Define Crypto-Banking Relations
The crypto industry in India has once again asked the Reserve Bank of India to define the status of the banking with crypto firms in the country. These companies have highlighted the moves taken by financial authorities in the world, who have begun to define the parameters that banks need to follow before growing their relationships with the crypto...
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China Rolls Over $3.4 Billion Of Commercial Loans To Pakistan: Report
China has rolled over $3.4 billion in loans to Islamabad, which together with other recent commercial and multilateral lending will boost Pakistan's foreign exchange reserves to $14 billion, a finance ministry source said.
-
Why We Needn't Worry About Oil Prices Amidst Israel-Iran Conflict (For Now)
The unexpected attack by Israel on Iran, a major oil-producing nation, may undermine anaemic global economic growth and hinder central banks ability to cope in an already uncertain market.
-
In A First, Flipkart Secures Approval For Direct Lending In India: Report
Walmart's Flipkart has secured a lending licence from the Indian central bank and banking regulator, enabling it to offer loans directly to customers and sellers on its platform, according to documents reviewed by Reuters and a source.
-
Mark Carney: Canada's New PM Charted Unusual Path To Power
Mark Carney was born near the Arctic, led the central banks of two major economies and has become Canada's prime minister despite never having served in parliament.
-
Trump Bans Creation Of A 'Digital Dollar' To Protect Americans
US President Donald Trump issued an executive order Thursday effectively banning the establishment of a central bank digital currency, in a move long supported by Congressional Republicans.
-
Canada Ex-Central Banker Mark Carney Launches PM Bid
Mark Carney, the former governor of Canada's central bank, on Thursday launched his bid to succeed Justin Trudeau as Liberal Party leader and prime minister, immediately becoming a frontrunner in the race.
-
India Becomes Second-Largest Gold Buyer After Poland In 2024: World Gold Council
Global central banks remained active in the gold market in November 2024, collectively adding 53 tonnes of the precious metal to their reserves, according to the World Gold Council.
-
Who Is Maysaa Sabrine, First Woman To Head Central Bank Of Syria
Maysaa Sabrine has been appointed as the governor of the Syrian Central Bank. She is the first woman to hold the position in its more than 70-year history. She replaced Mohammed Issam Hazime, who served in the governor's position since 2021.
-
Maysaa Sabrine Becomes First Woman To Head Syria's Central Bank
Maysaa Sabrine, a former deputy governor of the Syrian central bank, has been named as its first female governor, marking a significant moment in its 70-year-old history.
-
US Fed Cuts Key Interest Rate By 0.25%, Sending Stocks Tumbling
Policymakers voted 11-to-1 to lower the central bank's key lending rate to between 4.25 percent and 4.50 percent as expected, the Fed announced in a statement.
-
RBI Ready To Counter Rupee Slide, Fund Outflow Post-US Election: Sources
India's central bank is well-equipped to deal with a potential sudden outflow of foreign funds and any steep fall in the rupee if Republican candidate Donald Trump wins next week's US presidential election, sources said.
-
Nirmala Sitharaman's Mexico, US Visit To Focus On G20, IMF, World Bank Meetings
Finance Minister Nirmala Sitharaman will embark on an official visit to Mexico and the USA to participate in the G20 Finance Ministers and Central Bank Governor (FMCBG) and fund bank annual meeting.
-
Global Bank Messaging Network SWIFT to Trial Live Digital Currency Transactions in 2025
SWIFT will trial live transactions of tokenised assets and digital currencies next year. Banks and asset managers hope that by using digital units - usually blockchain-based tokens that represent a share of the underlying asset - trading can be quicker, cheaper and more efficient, including by cutting out middlemen involved in many transactions.
-
Bangladesh PM's Office, Police Websites Hacked Amid Unrest Over Job Quota
Amid the unrest in Bangladesh, the official websites of Bangladesh's Prime Minister's Office, Central Bank and police appeared to have been hacked by a group calling itself "THE R3SISTANC3".
-
Crypto Industry Criticises Lack of Bank Support for Cryptocurrencies, Asks RBI to Define Crypto-Banking Relations
The crypto industry in India has once again asked the Reserve Bank of India to define the status of the banking with crypto firms in the country. These companies have highlighted the moves taken by financial authorities in the world, who have begun to define the parameters that banks need to follow before growing their relationships with the crypto...
